FX Daily Majors

Today’s highlights:

* USDJPY’s extension through 99.75/99 keeps us bullish for 100.62/88, ahead of key resistance at 101.54/61.
* EURJPY stays bullish for the 135.48 high.
* GBPUSD strong recovery extends, but only above 1.6120/25 would topping risks be eased.
* EURUSD has been found a cap at trendline and 38.2% retracement resistance at 1.3500/11, and we look for a turn lower from here.
* NZDUSD remain under threat of potential bearish “head & shoulders” top.
* AUDUSD bias stays lower to test the summer base at .9223/07.
* USDCAD stays biased higher to test 1.0569 next.

Read the full report: FX Daily

 

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